The City of West Hollywood is committing to provide $2.1 million in construction and permanent financing for the L.A. LGBT Center’s 98-unit senior affordable housing development at 1116-1118 N. McCadden Ave. known as McCadden Plaza. Thirteen of the units will be set aside for West Hollywood residents. The funding was approved by the West Hollywood City Council at its meeting last week.
McCadden Plaza is part of the Center’s Anita May Rosenstein Campus, currently under construction on Santa Monica Boulevard at McCadden Place. The Anita May Rosenstein Campus is expected to cost about $135 million. In addition to the housing for seniors, it will provide 25 units of affordable housing for young people, 60 beds for the transitional living program and 40 emergency overnight beds, as well as a commercial-grade kitchen, on-site parking and a number of services and resources for individuals experiencing homelessness.
The Los Angeles City Council recently approved two motions by Councilmember David Ryu, whose 4th District includes the Rosenstein Campus location, to provide a total of $850,000 in funding for the campus.
The project has received other private and public funding, including from Proposition HHH, $4.9 million in Community Development Block Grant (CDBG) funding, and $50,000 from Councilmember Ryu’s discretionary funds.
West Hollywood’s funding will come from the city’s Affordable Housing Trust Fund. Occupancy of 13 of the units funded by WeHo will be restricted to low-income and very low-income residents.
The Anita May Rosenstein Campus is set to be completed on schedule in early 2019. It will include street infrastructure improvements on Santa Monica Boulevard, McCadden Place and Las Palmas Avenue.
$2.1 million to secure 13 units for West Hollywood residents seems like an amazing deal considering the going rates for building units for low- and very low-income qualifying tenants is currently in the $500,0000+ per unit range. (https://ternercenter.berkeley.edu/construction-costs-series)
Kudos to the City for continuing to utilize the Affordable Housing Trust Fund funds so effectively.
$135 Million???
And who do we presume has the plan and talent to run this type of integrated “campus”?
For 98 units one wonders how this $135 Million compares with regular residences equipped with the niceties of life. Is this where anyone would wish their family seniors to wind up? Something seems off in these calculations and equally a $2.1 Million towards financing from WH. Can a knowledgeable person please comment further?
Or what I meant to say in the end is to remain in this city when your rents go up and up and up. Some are fortunate to. Evin community housing when your private rental gets too much by rents going up 200.00 in 4 years but people want to remain in this city not get priced out as is the common theme. I am glad people will not be homeless from getting on the list, but is that the only option get on lists and if your number isn’t selected, oh well move out—“and Blame Ellis for that!” Not… Read more »
Though I wonder how much is in the total affordable housing trust, which would exceed in the millions that people who want to remain in the city limits need to live in Hollywood or Vermont as in the community housing corporation. People like myself like to live in the city limits who are low income not to find alternative housing outside city limits. This is what gentrification is doing, low income long term residents grtcellisec out of rent control or with percentage of rent increases and have to get on lists to now live outside the city limits. I tried… Read more »
I’m glad the City of West Hollywood is pitching in for this worthy project. The concept of a multi-generational campus with a great mix of services is something we need more of. Senior housing, particularly for a more vulnerable population like LGBTQ people, is an important need now and even more as the Baby Boom generation ages and/or retires or becomes too sick to work. It would be great if the City of West Hollywood could take some of that additional TOT it will earn with all the new hotels and find a lot within the City limits and build… Read more »
The City hasn’t quite figured out what to do with the Walgreens lot (Santa Monica & Crescent Heights). Perhaps senior housing would work there.
I’m frequently wowed by the work of the LA LGBT Center! Bravo to Lori and the amazing team she leads so elegantly. The Center is a jewel of Los Angeles.